ORLANDO, Fla.–(BUSINESS WIRE)–The Bitfury Group and Longenesis today announced a partnership with
Medical Diagnostic Web (MDW) to bring some of the best implementations
in blockchain technology to MDW’s growing radiology marketplace.

The partnership between Bitfury, the world’s leading full-service
blockchain technology company, Longenesis, a startup that merges AI and
blockchain, and MDW radiology marketplace will create a next-generation
platform for maintaining, sharing and securing medical imaging and
diagnostic data. Deployment of this blockchain infrastructure is
expected to set new industry standards for healthcare blockchain
implementation.

MDW is the first radiology blockchain platform designed to connect all
players in the medical imaging ecosystem to create an open and
transparent marketplace for image interpretation. It allows radiologists
to contract with imaging facilities and securely share patient data and
medical images such as X-rays and CT scans for interpretation.

The groundbreaking combination of new technologies, built on Bitfury’s
Exonum™ private blockchain framework, will take the security of
sensitive medical information to the next level. It will provide users
with a more robust and discrete environment, while allowing transactions
to be validated by nodes installed at a variety of respected sites,
using “anchoring” technology to increase trust in recorded transactions.

Longenesis’ state-of-the-art data management practices will ensure that
medical data, while recorded transparently via blockchain, is accessible
only by authorized parties in full compliance with HIPAA, GDPR and
“right to forget.”

“Blockchain technology can strengthen patient data security by providing
a tamper-proof record of patient history while simultaneously providing
an avenue for doctors to more easily share information,” said Valery
Vavilov, CEO of Bitfury. “The digitization of trust that blockchain
offers, paired with the medical potential of AI algorithms, has the
ability to revitalize medical systems all over the world.”

This advanced new infrastructure, with baked-in data anonymization,
advanced encryption and user permissioning, complements MDW’s existing
immutable blockchain audit trails and tamper-proof records of patient
data that create a safe and transparent way for users to exchange data
and increase care quality, while improving efficiency and
interoperability along the care continuum.

“We at Longenesis welcome how the medical data management industry is
adopting new approaches in data storage and analytics by leveraging both
the ultimate trust offered by blockchain and AI-powered data insights,
allowing users to extract more value from data sets,” said Garri Zmudze,
CEO of Longenesis. “A complete life data storage ecosystem should be
transparent, smart and equipped with advanced cryptography tools. Thus,
this is the blend we are building.”

“A partnership with these industry innovators will enable MDW
marketplace to provide the most advanced healthcare blockchain
technology available today,” said Michael Averbach, MDW CEO and
co-founder. “Our new hybrid private/public blockchain will provide the
best of both worlds — a transparent and flexible yet protected and
secure environment for medical data. We believe that together our
advanced technologies will pave the way for a new quality standard in
healthcare blockchain.”

The platform also helps solve many of today’s significant medical
imaging problems, including service access and delivery, results
communication and integration across the continuum of care.

About
The Bitfury GroupThe Bitfury Group is the world’s leading
full-service blockchain technology company. Bitfury™ is building
solutions for the future, with the most significant technologies of the
millennium. Our mission is to make the world more transparent and
trusted by innovating at every level of technology – hardware, security,
and software – to put trust back into the equation. Founded in 2011,
Bitfury is the leading security and infrastructure provider for the
Bitcoin Blockchain. In addition to securing the Bitcoin Blockchain,
Bitfury also designs and produces innovative hardware that keeps
cryptocurrencies and blockchains secure, including custom semiconductor
chips and mobile datacenters. Bitfury is also a software provider for
the some of the world’s most cutting-edge applications through its
Exonum™ private blockchain framework, its Crystal™ Blockchain advanced
analytics platform, and its specialized engineering team for the
open-source Lightning Network, Lightning Peach. To learn more, visit www.bitfury.com.

About LongenesisLongenesis is a partnership between
Insilico Medicine, a leading artificial intelligence company that uses
deep learning for drug discovery, and the Bitfury Group, a leading
full-service blockchain technology company. Longenesis has developed a
blockchain platform that uses AI-integrated toolsets to store and
exchange healthcare-related data such as lab test results and has
already launched the platform in alpha and piloted it for over a year.
The main goal of the company is to accelerate the development of the
health care by providing the solutions (for pharma, clinics,
researchers, data analytics companies, and patients) for data management
and data analytics utilizing blockchain and AI technologies.

About MDWMDW – Medical Diagnostic Web – is the first
radiology blockchain marketplace designed to connect all players in the
diagnostic digital imaging ecosystem and create an open, transparent and
fair marketplace. MDW aims to build new business opportunities for
radiologists and streamline access to imaging providers for all
healthcare stakeholders. With its open, decentralized communications
infrastructure, encrypted data transmission and immutable audit trails,
MDW’s blockchain marketplace enables individual radiologists and
radiology groups to forge new business relationships and benefit from
immediate compensation for services rendered. Radiology service
organizations can easily take advantage of as-needed resources to
transact with new clients, boost reading volume and decrease exam
turn-around-time. To learn more, visit www.mdw.io.